3.1 Expansion and Intensification of Communication and Exchange Networks
Existing trade routes flourished and promoted the growth of powerful new trading cities The Silk Roads- Pastoralists played a valuable role in the growth of the Silk Roads The Mediterranean Sea The Trans-Saharan The Indian Ocean basins
New Trading Cities Novgorod Timbuktu Swahili City-States Hangzhou Calicut Baghdad Melaka Venice Tenochtitlan Cahokia Western Russia West Africa- Mali East Coast of Africa-Kenya Eastern China India Iraq Malaysia Italy Central Mexico Northern Mexico
The growth of interregional trade in luxury goods was encouraged by innovations in technology Silk and Cotton textiles Porcelain Spices Precious metals and gems Slaves Exotic Animals
Caravan Organization Caravanserai- a roadside inn where travelers could rest and recover from the day's journey.inn Camel Saddles- further promoted trade
New forms of credit and money Bills of exchange- repayment of debts within a market or which is legal tender within a country. Credit Checks Banking Houses- method of financing long- distance transport of goods